TCS: Turning Point Reached, Further Correction Likely

https://ganninsides.com/2025/01/10/will-tcs-reverse-course-next-week/

“TCS lost its entire momentum gained after its results were announced. On January 10th, when the stock was up more than 6%, I shared a post anticipating that this momentum would fizzle out very soon. I also shared two dates, January 13th and 14th, as strong turning points. The stock reached its rebound high on January 13th. On the price front, 4200 was identified as critical support. The break of this support triggered a decline towards our first projected target of 4060 today. Going forward Further downside risks remain. 4020 now acts as a key support level. A close below this level could open the door for a deeper correction towards 3950, with potential extensions to 3840 in the coming weeks.”

DLF Trade Recap: Breakdown & Downside Targets

“On December 30, 2024, I suggested a trade on DLF to subscribers. I anticipated a breakdown if the stock closed below 806. Following the breakdown confirmation, downside targets were shared at 760 and 720 on a cash basis. The stock reached 760 last week and 720 today. I also provided a couple of cycle dates for your consideration. Take a look.”

DLF Stock: Navigating the Storm Clouds

Will TCS Reverse Course Next Week?

“TCS is an interesting stock. It is up 5% today. The interesting part is that on the time front, on 13th and 14th January, this stock will have a very strong turn date. So, I would expect this momentum to fizzle out very soon. Let’s see technically. If the stock sustains below the intraday low of 13th and 14th January, then we would be looking for a very sharp reversal to come through. On the price front, 4200 is a key support here. Once it breaks, a decline towards 4060 and 3950 would be on the cards. Let’s see whether we get a turn or not next week.”

Trading HDFC Bank: From Breakout to Breakdown

https://ganninsides.com/2024/12/18/hdfc-bank-stock-1800-or-bust/

“In my December 18th post on HDFCBANK, I identified 1800 as a critical support level. A breach of this level would likely signal a decline towards 1740 and 1660. The stock indeed reached our first target of 1740 earlier this month and today has finally reached the second target of 1660. This represents a substantial decline of nearly 10% in a single trade, a surprising turn of events considering the stock’s apparent breakout from a three-year consolidation phase in early December. Since late November, we have successfully traded this stock on both the long and short sides.”